Belong Acquisition completed its IPO offering of 15 million units at $10each.
Units trade on the Nasdaq under BLNGU. Each consists of one share of stock and one-half of one warrant, each whole warrant exercisable at $11.50 per share.
Once the securities begin separate trading, shares and warrants are expected to list under BLNG and BLNGW.
The tech-focused SPAC said it will target high-growth technology and tech-enabled businesses in sectors such as e-commerce, software, and digital media.
Wells Fargo and Loop Capital Markets were joint book-running managers for the offering. R. Seelaus & Co. Samuel A. Ramirez & Company, and Siebert Williams Shank & Co. served as co-managers. The underwriters have an option to purchase up to an additional 2.25 million units to cover over-allotments, if any. Read more.
